Please use this identifier to cite or link to this item:
http://purl.umn.edu/37857

Title:

The Role of On-Site Time in Recreational Demand for Wilderness

Authors:

Acharya, Ram N.Hatch, L. UptonClonts, Howard A.

Keywords:

full incomeon-site timerecreation demandtravel cost model

JEL Codes:

C24D60J20Q26

Issue Date:

2003-04

Abstract:

Treatment of time in travel cost models has been a source of contention among economists. The debate persists because welfare estimates, which are the principal objectives of these studies, are highly sensitive to the treatment of time. The present study examines the dual role of on-site time using evidence from two wilderness areas in Alabama. The empirical results comply with the theoretical expectation that on-site time is both a source of utility and cost. The exclusion of on-site time from demand functions results in biased parameter estimates. In particular, it yields smaller own-price coefficients and higher welfare estimates.

URI:

http://purl.umn.edu/37857

Institution/Association:

Journal of Agricultural and Applied Economics>Volume 35, Number 01, April 2003